Maxine Waters Steps Up as Leader of House Financial Services Committee

Rep. Maxine Waters’s assumption of chairman of the House Financial Services Committee in January has surprisingly been met with positivity and optimism by bankers, the New York Times reports.

Exonerated in September at the end of a three-year ethics investigation, she replaced Barney Frank, Democrat of Massachusetts, for whom the banking overhaul bill ‘Dodd-Frank’ was named.

At a recent meeting with bankers from her district in California, Waters listened to bankers’ complaints about Dodd-Frank, and promised they would be addressed. “I don’t want you to look at this as being impossible to tweak,” she told them.